Leveraged loans combined with treasuries create a solid strategy for navigating today’s fixed income market. These two asset classes work like a peanut butter and jelly sandwich, balancing each other out—leveraged loans shine when interest rates rise, while treasuries thrive when rates drop. In our chat today with David Giroux, portfolio manager at T. Rowe Price, we dive into how this mix helps manage risk and enhance returns in uncertain market conditions. Giroux shares his insights on the current investment landscape, emphasizing the importance of evaluating management quality and capital allocation strategies. Join us as we unpack these ideas and explore what they mean for the future of investing.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Alan on Twitter.

Read more about David here.

Episode TimeStamps:

02:20 - Introduction to David Giroux and T. Rowe Price

09:00 - Are mostly sectors overvalued?

11:43 - What has driven the change in valuations?

13:48 - How Giroux determines how much risk to allocate in markets

18:19 - The outlook for equity returns and Giroux stance on AI

21:42 - The relationship between market meltdowns and interest rates

23:29 - Giroux's outlook for inflation

28:32 - How Giroux uses his past experience to predict markets

31:37 - How Giroux constructs stock portfolios

35:35 - Giroux's view on today's capital allocation

37:26 - Key advice for how to think about valuations

40:47 - What kind of investors are T. Rowe Price

44:50 - How the microstructure of the markets has changed over time and how it has impacted their investment strategy

50:03 - The cyclicality of markets the implications of it

53:34 - Do geographical funds even make sense?

54:40 - How AI impacts the investing world

57:56 - How would Giroux run a longer term portfolio?

58:56 - Advice for other investors

Copyright © 2024 – CMC AG – All Rights Reserved

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Privacy Policy

Disclaimer